Cards lead SG's payments market in 2025 as wallets and A2A gain ground

It held 44% of e-commerce and 40% of POS spend.

Card payments in both e-commerce and point-of-sale (POS) transactions led Singapore’s payments market in 2025, accounting for 44% of e-commerce spend at $13.93b (US$10.8b) and 40% of POS spend at $70.95b (US$55b), according to a Global Payments report.

The report said cards remained the top payment method across both channels in 2025, whilst account-to-account (A2A) payments also expanded from a lower base through PayNow.

Digital wallets followed, accounting for 40% of e-commerce spend at $12.90b (US$10b) and 36% of POS spend at $63.21b (US$49b).

A2A payments accounted for a smaller share of the market but are projected to rise to 13% of e-commerce transaction value and 15% of POS transaction value by 2030.

The report placed Singapore within a regional shift towards real-time payment systems alongside Thailand and Malaysia.

Across Asia-Pacific, digital wallets accounted for 77% of online spend at $3.48t (US$2.7t) and 63% of in-person spend at $8.13t (US$6.3t) in 2025, the highest regional share globally.

(US$1 = SG$1.29)

A NOTE FROM SINGAPORE BUSINESS REVIEW

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia